Upstox Vs Flattrade
Upstox
Upstox Review Online Share/Stock Trading, Options Trading, Discount Brokers in India, Upstox Review gives an overall view of the updates about the Brokerage Charges, Margin, Trading Softwares, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Flattrade
Flattrade Capital Services Review 2021 gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Flattrade Capital Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Upstox Vs Flattrade - Broker Details
| Upstox | Flattrade | |
|---|---|---|
| Single Margin Facility | NO |
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| Year of Incorporation | 2012 | 2004 |
| Exchanges | BSE, NSE and MCX | BSE, NSE and MCX |
| Branches | 45 | 5 |
| Brokerage | Rs.20/Order or 0.05% | Rs.20 per executed order |
| Broker Type | Discount Broker | Discount Broker |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Account Opening & AMC Charges
| Upstox | Flattrade | |
|---|---|---|
| Trading Account Opening Charge | Rs.249 | Rs.0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | Rs.0 (Free) |
| Demat Account AMC | Rs.300/yearly | Rs.0 (Free) |
| Trading Account AMC | Rs.0 (Free) | Rs.0 (Free) |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Brokerage charges & Plans
| Upstox | Flattrade | |
|---|---|---|
| Commodity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Currency Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Equity Delivery | Zero brokerage | Nil |
| Equity Options | Flat Rs. 20 per executed order. | ₹10 per executed order |
| Commodity Options | Flat Rs. 20 per executed order. | ₹10 per executed order |
| Equity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Currency Options | Flat Rs. 20 per executed order. | ₹10 per executed order |
| Fixed Charges | Rs. 20/Order | ₹10 per executed order |
| Equity Intraday | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Other Charges
| Upstox | Flattrade | |
|---|---|---|
| RMS Square Off Charge | Rs. 20 per order+ GST | - |
| API Charges | ₹ 750 * per month | Does not provide API |
| Call & Trade Charges | Rs. 20 per order+ GST | Rs.50 or 0.01% of trade value per executed order |
| Other Brokerage Charges | Rs.20/Order or 0.05% | Rs.20 per executed order |
| Minimum Brokerage | Rs.20/order | Rs.20 per executed order |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Transaction Charges
| Upstox | Flattrade | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% Clearing charge: 0.025% BSE: Exchange turnover charge: 0.001% Clearing charge: 0.025% | NSE: 0.035% BSE: 0.001% |
| Equity Futures | NSE: Exchange turnover charge: 0.0020%: Clearing charge: 0.0002% | 0.0020% |
| Equity Intraday | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group | NSE: 0.00345% (For Nifty 50, Nifty It); BSE 0.03% NSE: 0.00275% (Other than Nifty 50 & Nifty It) |
| Equity Options | NSE: Exchange turnover charge: 0.053% Clearing charge: 0.005% | 0.053% (On prem) |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% Clearing charge: 0.0005% | 0.0026%; 0.0013% (FAR MONTH CONTRACT) |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% Clearing charge: 0.0004% BSE: Exchange turnover charge: 0.00022% Clearing charge: 0.0004% | NSE: 0.0009% BSE: 0.00022% |
| Equity Delivery | NSE: 0.00345% per trade on buy & sell. BSE: charges vary as per the scrip group | 0.00325%NSE: 0.00345 (For Nifty 50, Nifty IT) BSE: 0.003% NSE: 0.00275% (Other than Nifty 50 and Nifty IT) |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Margin (Exposure)
| Upstox | Flattrade | |
|---|---|---|
| Equity Options | Option Sell: Basic: 3x | Priority: 4x | | |
| Equity Intraday | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 20X |
| Currency Options | Basic: 3x | Priority: 4x | |
| Commodity Options | 2 times | |
| Commodity Futures | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | Up to 4 times |
| Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
| Equity Delivery | No extra margins provided | 1x (no margin) |
| Currency Futures | Basic:3x | Priority:4x | | |
| Equity Futures | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 4 times |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Features
| Upstox | Flattrade | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | 3:15 | Eq Cash: 3:20 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM |
| Trading Platform | 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. | NEST, NSE NOW, Fortune Trading Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Review & Rating
| Upstox | Flattrade | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | Upstox is rated 3.9 of 5 | |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Request a call back from Broker
| Upstox | Flattrade | |
|---|---|---|
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Investment Options
| Upstox | Flattrade | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Order Type
| Upstox | Flattrade | |
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| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW |
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| After Market Order(AMO) |
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| STBT |
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| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Research & Report
| Upstox | Flattrade | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Daily Market Report
| Upstox | Flattrade | |
|---|---|---|
| Compare Stock Brokers Review | ||
| Compare Stock Brokers Review | ||
| Compare Stock Brokers Review | ||
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Suitable For Investor
| Upstox | Flattrade | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Pros & Cons
| Upstox | Flattrade | |
|---|---|---|
| Pros | • Brokerage free trading in Equity delivery segment, which means customer need not to pay any brokerage for delivery trades in equity. • For customers convenience, mobile trading app is available for both android and IOS platforms without any further software charges. • Both web and mobile has After Market Order (AMO), Cover Order (CO) or One Cancel OTHER (OCO) order. • Availability of stop loss in both web and mobile. • Availability of multiple indicators to monitor market. • Upstox bridge for Amibroker helps to code and execute the trading strategies. • Developer console from Upstox helps to build your own trading app. • Availability of 1000’s of Mutual funds where customer can choose Lumpsum or SIP pattern of investing. • Availability of Margin against shares. • For higher leverage, customers can opt for Priority Brokerage Package. | 1. It provides free account opening and annual maintenance charges. 2. It has a strong hold on the southern part of India. 3. They offer offline branches as to serve their customers offline. 4. It provides various decent customer services to its customers. |
| Cons | • Unavailability of unlimited monthly trading plans. • Extra charge of call and trade fee on per executed order. • In case, customer does not square off the Intra day square orders, extra charge of ₹20 is charged per executed order. • In the basic plan of Upstox, brokerage free trading can be availed only in Equity Delivery Segment. For rest of the segments, brokerage is charged at ₹ 20 or lower per trade. • Even though Upstox basic plan provide brokerage free trading, still demat transaction charges has to be paid by the customer. In fact, if we compare the demat debit transaction charges of Upstox (₹21.83) with other discount brokers (₹15.93), it turns out to be really high. • No provision for stock tips and recommendations. • Unavailability of 3 in 1 account as company doesn’t provide banking services. • Customer support is time constraint. • From Jan 2018 Upstox NRI trading and demat accounts are no longer available. • Unavailability of margin funding on delivery trades. | 1. It has a limited number of trading and investment products. 2. It has less focus on technology with only one in-house trading platform (Mobile app) and that too is kind a mediocre in performance. 3. The fortune trading is petty limited. |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Background
| Upstox | Flattrade | |
|---|---|---|
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Compare All Brokers
| Upstox | Flattrade | |
|---|---|---|
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Account Opening & AMC Charges
Upstox
Flattrade
Trading Account Opening Charge
Rs.249
Rs.0 (Free)
Demat Account Opening Charge
₹0 (Free)
Rs.0 (Free)
Demat Account AMC
Rs.300/yearly
Rs.0 (Free)
Trading Account AMC
Rs.0 (Free)
Rs.0 (Free)
Upstox Vs Flattrade
| Upstox | Flattrade | |
|---|---|---|
Upstox NRI Account Opening, Charges, Services ReviewUpstox is one of the most popular discount brokers in the country and a large amount of people are interested in trading through it including not only who resides inside the country but also who live outside the country i.e. NRIs. NRI Trading Account
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Flattrade Trading NRI Account ReviewFlattrade Trading is no longer offering NRI trading and demat account. Only Indian residents can open demat accounts with Flattrade Trading. If any NRI wish to open demat account with Flattrade Trading for trading purpose, they must have Indian residence proofs and Indian bank account. |
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Flattrade
Flattrade Capital Services Review 2021 gives an overall view of the updates about the Brokerage Charges, Margin, Trading Software, Flattrade Capital Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Upstox Vs Flattrade - Brokerage charges & Plans
| Upstox | Flattrade | |
|---|---|---|
| Commodity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Currency Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Equity Delivery | Zero brokerage | Nil |
| Equity Options | Flat Rs. 20 per executed order. | ₹10 per executed order |
| Commodity Options | Flat Rs. 20 per executed order. | ₹10 per executed order |
| Equity Futures | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Currency Options | Flat Rs. 20 per executed order. | ₹10 per executed order |
| Fixed Charges | Rs. 20/Order | ₹10 per executed order |
| Equity Intraday | Rs. 20 per executed order or 0.05% (whichever is lower) | ₹10 per executed order |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Margin (Exposure)
| Upstox | Flattrade | |
|---|---|---|
| Equity Options | Option Sell: Basic: 3x | Priority: 4x | | |
| Equity Intraday | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 20X |
| Currency Options | Basic: 3x | Priority: 4x | |
| Commodity Options | 2 times | |
| Commodity Futures | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | Up to 4 times |
| Basic: 8x | Priority: 15x | Basic CO: 12x | Priority CO: 15x | ||
| Equity Delivery | No extra margins provided | 1x (no margin) |
| Currency Futures | Basic:3x | Priority:4x | | |
| Equity Futures | Basic: 3x | Priority: 4x | Basic CO: 3x | Priority CO: 4x | Up to 4 times |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Other Charges
| Upstox | Flattrade | |
|---|---|---|
| RMS Square Off Charge | Rs. 20 per order+ GST | - |
| API Charges | ₹ 750 * per month | Does not provide API |
| Call & Trade Charges | Rs. 20 per order+ GST | Rs.50 or 0.01% of trade value per executed order |
| Other Brokerage Charges | Rs.20/Order or 0.05% | Rs.20 per executed order |
| Minimum Brokerage | Rs.20/order | Rs.20 per executed order |
| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |
Upstox Vs Flattrade - Features
| Upstox | Flattrade | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | 3:15 | Eq Cash: 3:20 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM |
| Trading Platform | 1. Pro Web (Web-based trading platform). 2. Pro Mobile (mobile trading application). 3. Algo Lab (bridge for AmiBroker). 4. Option Strategy Builder. 5. Order Generator. | NEST, NSE NOW, Fortune Trading Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Enquiry with Upstox Open Account | Enquiry with Flattrade Open Account |